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German industrial production rises in August

October 09. 2013 6:35AM
Associated Press

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(AP) German industrial production rose in August in another sign that the country's economic recovery is gathering pace.

The economy ministry said Wednesday that production of big-ticket items rose 1.9 percent in August over July when adjusted for price, calendar and seasonal factors. It also revised its July number upward, saying that production dropped only 1.1 percent over June, less than the 1.7 percent drop previously estimated.

Overall, the ministry says production rose 0.7 percent in the two-month July-August period over the May-June period.

The ministry says the numbers show "the upward trend of production is continuing."

On Tuesday, the economy ministry had reported that factory orders dropped 0.3 percent in August, but noted they remained higher in terms of volumes than in the second quarter.

Associated Press

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